Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.
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Southwest Airlines is conducting its first-ever mass layoff, cutting 15% of its corporate workforce, which amounts to 1,750 employees. This decision is driven by profitability challenges.
February 18, 2025 | 12:00 am
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Southwest Airlines is laying off 15% of its corporate workforce, marking the first mass layoff in its history due to profitability challenges.
The layoff of 15% of the workforce is a significant move for Southwest Airlines, indicating serious profitability issues. This is likely to negatively impact investor sentiment and the stock price in the short term.
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